Blog
DANGOTE'S LAMU REFINERY PROJECT MOVES CLOSER AS CONSTRUCTION TARGETED FOR 2026.
Dangote Industries plans to begin construction of its proposed 700,000-barrel-per-day oil refinery in Lamu, Kenya, before the end of 2026, a project that could significantly reduce East Africa's reliance on imported fuel. While the refinery promises stronger regional energy security and economic growth, its success will depend on securing financing, environmental approvals, and community support.
- 10 hours, 50 minutes
KUWAIT'S KPC SIGNS $16 BILLION LEASE AND LEASEBACK DEAL FOR OIL PIPELINE NETWORK.
Kuwait Petroleum Corporation (KPC) has signed a landmark $16 billion lease-and-leaseback agreement for its crude oil pipeline network with a consortium of global investment firms Blackstone, Brookfield, and KKR.
- 11 hours, 7 minutes
TANZANIA, SAUDI DEEPEN ECONOMIC TIES.
Tanzania and Saudi Arabia have agreed to strengthen bilateral relations by expanding cooperation in trade, investment, tourism, energy and other strategic sectors following high-level talks in Riyadh. The two countries aim to boost business partnerships and investments through the Tanzania–Saudi Arabia Joint Business Council while enhancing economic and diplomatic ties.
- 5 days, 13 hours
EGYPT IN TALKS WITH ENERGY MAJORS FOR MULTI-YEAR LNG SUPPLY DEAL, SOURCES SAY
Egypt is negotiating with major energy companies, including Shell, TotalEnergies, BP, and commodities trader Hartree Partners, to secure between 15 and 18 liquefied natural gas (LNG) cargoes each month under contracts lasting three to five years, according to sources familiar with the discussions.
- 5 days, 14 hours
SOUTH AFRICA: ADNOC’S BILLION-DOLLAR SHELL DEAL RESHAPES FUEL RETAIL LANDSCAPE.
ADNOC Distribution's acquisition of Shell's downstream business in South Africa, valued at approximately US$1 billion, marks one of the country's largest-ever fuel retail transactions.
- 6 days, 9 hours
LESOTHO: CHINESE JV STARTS SOLAR PV PLANT EXPANSION.
Construction has begun on the second phase of the state-owned Mafeteng Solar Power Station in Lesotho, a project being developed by a Chinese joint venture.
- 6 days, 11 hours
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